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📰 【Federal Reserve Nominee Warsh's Opening Statement at Hearing Made Public, Vows to Uphold 'Independence' in Interest Rate Decisions】
BlockBeats News, April 21 — The U.S. Senate Banking Committee will hold a confirmation hearing for Federal Reserve Chair nominee Kevin Warsh on Tuesday at 10 a.m. Eastern Time (Tuesday 10:00 p.m. Beijing Time). According to an advance copy obtained by Politico, Warsh stated that interest rate decisions must be strictly independent of political considerations, and monetary policy should not be used as a tool for short-term political goals. He also emphasized that the Fed’s credibility comes from institutional constraints and policy discipline. Warsh stressed that stabilizing prices is the Fed’s safeguard, and he committed to taking full responsibility for this, “no excuses, no shirking.” Regarding the expanding boundaries of the Fed’s functions in the post-crisis era...
$BTC It’s that time again to listen to these bureaucrats recite their speeches. Every hearing’s opening statement sounds like a broken record—independence, discipline, credibility, words that never change. When it comes to voting, isn’t everyone just looking at the White House’s signals? The market has long stopped believing in this official rhetoric; liquidity is the only true safeguard.
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